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Posts Tagged ‘orality’

In The End of Money (see citation, last entry) David Wolman suggests that poor people may taste the ‘cashless’ (i.e. digital) society early on, due to a ‘leapfrog effect’ that has already delivered mobile phones to over a billion people without bank accounts – many living in villages which have yet to be reached by national road or electricity networks.

“Almost overnight the phone has evolved from a one-trick pony (more…)

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Poor villagers in the developing world are a distinctive, underserved microfinance segment. There are nearly a billion rural people who make less than $1.25 a day, and most are illiterate or marginally literate, so microfinance documents are inaccessible to them.

There are three widely neglected factors that make rural microfinance fundamentally different from urban microfinance. (more…)

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Loan Contract Chambak Village Cambodia

Why are there not finger-counting icons and/or tallies (see right) on every passbook owned by every illiterate client in microfinance?

This small change could make microfinance more comfortable for poor borrowers and poor savers, and contribute in a small way towards our shared goal of ‘access for all’. (more…)

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